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Perform a vertical analysis on the following information: (Round your answers to 1 decimal place. Due to rounding, the percentages may not add up to
Perform a vertical analysis on the following information: (Round your answers to 1 decimal place. Due to rounding, the percentages may not add up to exactly 100%.)
| 2021 | 2020 | |||||
| Cash | $ | 580,000 | $ | 270,000 | ||
| Accounts receivable | 910,000 | 780,000 | ||||
| Inventory | 730,000 | 590,000 | ||||
| Long-term assets | 2,300,000 | 2,800,000 | ||||
| Total assets | $ | 4,520,000 | $ | 4,440,000 | ||
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Contemporary Auditing Real Issues And Cases
Authors: Michael Chris Knapp
9th International Edition
1133187900, 978-1133187905
